Johnathan Paoli
The National Treasury has confirmed that 67 municipalities currently indebted to Eskom, collectively owing R56.8 billion, have officially applied to participate in the debt write-off programme.
Finance Minister Enoch Godongwana was speaking on Wednesday during his Medium-Term Budget Policy Statement about the status of the country’s finances and confirmed that 28 applications for debt relief from municipalities had already been approved.
“By October 2023, 67 applications had been submitted, totalling R56.8 billion or 97% of total municipal debt owed to Eskom at end-March 2023,” said Godongwana.
Godonqwana said that applications have been approved; the remainder are being assessed and verified with provincial treasuries.
“The ultimate goal is the profound transformation of these municipalities, by empowering them to build financial resilience, amplify their capacity to generate sustainable revenue, and rekindle a culture of paying for services rendered.
“In light of the difficult financial conditions faced by municipalities, addressing the
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